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't come to an agreement. law makers have one week to come up with a deal to avoid the fiscal cliff. some republicans now say the president wants the country to go over the cliff. last week president -- last week's speaker of the house john boehner failed to get the plan b passed but he failed to even bring to a vote. and if his own party that kept it from happening. so as the bickering continues over who is to blame the president and speaker left town after making the parting pitches. >> the work towards a package that prevanes tax hike on mid -- prevents a tax hike on middle class americans protect unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would be redink as far as the eye could see and it would hurt jobs. >> president obama says that he will cut his holiday vacation short and try to hammer out the deal with congress. law makers are expected to return to washington later on this week to continue the negotiations. >>> well it's christmas eve and guess what,
this prickly issue, another stalemate and fiscal cliff negotiation. >> our republican colleagues by refusing to go along with revenues are risking the fiscal cliff. >> i think we're going to fall out of the fiscal tree. there will not be a big deal. >> reporter: confidence in any progress now at a minimum. lawmakers return from their holiday recess on thursday, and when they do, they will have their work cut out for them. reporting live in washington, i'm danielle leigh. veronica, back to you. >>> thank you so much. >>> the pentagon says the commanding officer of s.e.a.l. team 4 has died in afghanistan. 42-year-old joe w. price died saturday of what u.s. military officials are calling a noncombat injury. they tell nbc news his death is being investigated as a possible suicide. s.e.a.l. team 4 was part of a mission to train local afghan police to combat the taliban. >>> in the meantime in what is being called a possible insider attack, a civilian advisor was shot this morning by a woman wearing an afghan police uniform at kabul police headquarters. at least 53 international troops have been k
republican colleagues, by refusing to go along with revenues are risking the fiscal cliff. the big chance for a big deal is at the debt ceiling. that is when we will have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> before leaving for hawaii for the holidays, obama urged congress to come up with a deal before the christmas break. many spent today navigating the parking lots of packed stores and shopping malls for final gifts. some had a really good reason for hitting the stores in these final hours before christmas. >> i have a baby that is due christmas morning. so i came out here to do some last-minute shopping. it is tough to shop during the holidays, especially right before christmas because, again, you miss out on deals. >> a recent poll found 132 million people had not finished their holiday shopping and 26 million had not even began. many retailers will be open christmas eve late to accommodate them. the pope spoke in a number of languages today in vatican city. he encouraged people to look beyond the materialistic s
the fiscal cliff that includes no tax increases. sbainer boehner and other republican leaders have been too scared about suffering publicly if the nation goes over the cliff and the tax sbikeses that are triggered in january. now that the plan b has failed these conservative republicans should be empower you ared to make big demands and stop caving to the president out of fear." guest: that doesn't make much sense to me. you have to get it through the house republicans then the president has to sign something, if that doesn't happen then you have very large tax increases a lot more than what they were talking about in their negotiating and you have the defense cuts that happen overtime and some other, nondefense cuts. you really have this huge amount of revenue, a lot of debt reduction. it is hard to see what demands the republicans can think will be easier to make come the new year. guest: plus, we've seen the president's approval level is at a high. and the poll should show that the republicans are going to be blamed if we go over the cliff and taxes go up. that is before the debacle with
to the models used in the newtown shootings. >>> with time running out to avoid the fiscal cliff, democrats and republicans have left the capital for home. for the majority of the country, that means we are going over that cliff. president obama is in hawaii for christmas with his family. before he left he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than 250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home in cincinnati. he failed to get members of his own party to support his plan b proposal for ending the crisis. speaker boehner says the stalemate and the failure of plan b is the democrats' fault. >> the president -- what the. has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenges the members of his party to deal honesty with the entitlement reform and the big issues facing our nation. that's w
-called fiscal cliff. short-term will hurt the republicans, undeniably. long-term, it will hurt the democrats and president obama. dennis: i thought all along that the republicans would look horrible. now, i'm wondering if it is switching the other way. a family earning only $20,000 a year will see that their tax refund gets cut in half if we go off the cliff. >> i think you are right. especially since we have not had the follow-through, dennis. what is the reason for all of this? where are we heading? the president, nor the republicans have answered that question. dennis: thank you for being with us. dagen: chicago mayor is renewing a plan to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent it already. mayor manuel is under some scrutiny. as i said, both are choosing to do so. t
the fiscal cliff, democrats and republicans have left the capitol for their respective homes. for the majority of the country, that means we are essentially going over the cliff. president obama is in hawaii for christmas with his family b. before he left, he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than $250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home in cincinnati. he failed to get members of his own party to support his plan b proposal to end the crisis. he said the stalemate and failure of plan b rests with the democrats. >> what the president has offered so far simply won't do anything to solve our spending problems and begin to address our nation's crippling debt. instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenge the members of his matter to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> president oba
years. we do have this practical problem ten days from now of the fiscal cliff. i said republicans would be well advised to accept the fact that president obama won the election and minimize the damage that will be done by the tax increase that is coming. >> chris: you would go for the stripped down obama plan? >> i would go for what the speaker tried to do late last week and try to get the number up from $250,000. yes, there is going to be a tax increase on the wealthy. i would try to protect investments as much as possible. do the amt patch. have a reasonable deal on estate taxes. i'm a squish on this. got to make the best of a bad situation. i think what will happen incidentally is republicans will be faced on monday, on december 31 with having to vote on a much worse proposal than the one they didn't give speaker boehner the majority for. >> chris: the plan b. >> harry reid will pass through the senate on thursday or friday a tax hike on everyone over $250,000 and republicans will have the joyc choice on m, letting it come to a vote. i think the speaker probably has to. b, will they
fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your thoughts on this december 24, 2012. it does religion influence your politics? let me show you this from "the new york times" this morning. a new poll out worldwide religion shows up that one out of six follows no religion. that is worldwide. all religions outside the united states as well. the upi
senator lindsey graham. >>> plus, eight days before the fiscal cliff. what are prospects for a deal. and the round table or the president's priorities in the new year. that's all ahead. fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ >>> since we announce
republicans say the president wants to go over the fiscal cliff. >>> and imagine someone breaking into your home and ransacking your christmas tree, stealing your electronics. meet the family who encountered a real life grinch and caught the thief on camera. it's an unbelievable story, and the family will join us live in this hour. good morning, everybody. on a christmas eve, welcome to "starting point." i'm alina cho in new york. da dana, good morning. >> good morning. alina. i'm dana bash in washington. it's christmas eve. "starting point" begins right now. >>> and our starting point, an american contractor in kabul shot and killed earlier this morning by a woman wearing an afghan police uniform. it happened inside kabul's police headquarters, and it's the latest in a string of suspected green on blue attacks. pentagon correspondent barbara starr is working her sources, and she joins us from washington. barbara, we have seen a lot of these attacks. correct me if i'm wrong, this is the first time it's happened with a woman. >> reporter: i think that is absolutely correct, dana. u.s. offici
over the fiscal cliff, they think it's for better democratic leverage. >> that's nonsense. the president made extraordinary concessions to the republicans to try to go over -- to try to avoid going over the fiscal cliff. he promoezed that we don't tax -- no tax increase until $400,000, instead of $250,000. he proposed -- he said he would be willing to go with the republican demands for entitlement cuts cutting colas on social security which i think is obnoxious and will not vote for under any circumstances. he made a lot of concessions, too many. the republicans showed, though, when they voted against cutting taxes for 99.8% of americans, because they wouldn't allow taxes to go up for people above $1 million, they showed that it's very difficult to do business this w them. >> you said the president made too many concessions. >> i think so. >> were you more a fan of the $250,000 and less than that or -- >> i'm more of a fan of the $250,000 but mainly, mainly i would not vote for a nickel in -- under any circumstances for a nickel in cuts to social security benefits. >> so w
republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and they'll come right back and pass something. so i don't think the middle class is at risk. if we go over the cliff, our republicans colleagues will come back and go uh-oh and pass the bill we passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans have asked hard questions. i don't think he's going to get many republicans votes. i like chuck but his positions are really out of the mainstream and well to the left of the president. i think it would be a challenging nominations but the hearings will matter. chuck will have a chance to defend himself. >> will you support him? >> i'm going to wait and see what happens in the hearings. i've got questions with chuck and iran, hamas and hezbollah, his position toward israel, just afghanistan. i want to hear what he has to say. but very
senator chuck schumer and republicans senator lindsey graham. >> plus, eight day before the mi fiscal cliff. what are the prospects for a solution? we know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, more than 40,000 saw this post alone. we'll continue to monitor that conversation online. tell us what you saw on the interview at facebook.com/meetthepress or on twitter. in the meantime, we're going to find out
the republicans have the majority and as we've been seeing with the fiscal cliff there is not a lot of wiggle room. we're going to have to see compromise. the last immigration reformabout in 1986 took both republicans and democrats working together. it can't be just a democratic lift. >> thank you victoria defrancesco soto. this is something we'll be watching over the next two to four years. >> and coming up, the controversy over keeping fast food chains open on christmas. i, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could be more important? so this year, every hasbro toy donated to toys for tots will be powered by duracell. happy holidays. duracell with duralock. trusted everywhere. >>> a happy meal for a happy holiday? well, mcdonnell's holds so. it's pushing its franchises to stay open despite a long tradition of giving its employees a break for the holiday. now some workers and customers are pushing back on that possibility. joining us now, jonathan weston of fast food forward, a group working to u.n.ize fast-food workers. jonathan, thanks
of ar15 ammunition magazines have been told in the last three days. >> >> fiscal cliff talks, without a deal, automatic tax hikes and spending cuts would kick in january 1st, affecting almost all americans. democrats and republicans insist they are committed to reaching a deal. congress returning to washington the day after christmas. senator from hawaii, laid to rest. president obama and the first lady attended the memorial service. he was the first japanese american elected to both houses of congress and the second largest serving u.s. senator. he was 88 years old. >> back here in maryland a police shooting in baltimore county, a police officer opened fire, killing a man who had a knife. that's where derrick is tonight with the details. >> reporter: police say the officer was acting in self- defense when he confronted and shot a suspicious man he found back here behind this gas station. it all started with an officer on routine patrol as he passed the shell gas station at ed monton around 3:45 in the morning. he noticed a suspic
the president, the republicans, the democrats, anybody to aavoid the fiscal cliff? >> reporter: well, this is what may be alarming to learn, suzanne. obviously, the white house is always in concert with senate democrats. there's always an open line of communication there, but there are really no substantive discussions going on with the white house and senate democrats with republicans both in the house and the senate. that may seem troubling at this point, because obviously eyes are turning towards the senate as it is going to reconvene on thursd thursday. if this fiscal cliff is to be averted, it has to get through both the senate and house with some republican support. so you're hearing pessimism now on both sides. take a listen to a democratic and a republican senator and how they see the prospects of maybe going over the fiscal cliff. >> i feel that it's more likely that we will go over the cliff than not. if we allow that to happen, it will be the most colossal consequence consequenceal act of congressional irresponsibility in a long time, maybe ever in american history. >> whe
for the fiscal cliff. and later, braving the crowds to get those last minute christmas purchases taken care of. it is cold at the moment but the forecast is promising snow... details coming upbreak man, chanting, snapping fingers: oh, those boys are much too much! those boys are much too much! we got the spirit we're hot, we can't be stopped! we got the spirit! we're hot! we can't be stopped! we're gonna beat 'em and bust 'em... announcer: the smallest moments can have the biggest impact on a child's life. both chanting: let's...get... a little bit rowdy. r-o-w--whoo!--d-y. announcer: take time to be a dad today. one more time. call or visit fatherhood.gov to learn more. of the tragic school shooting in connecticut. despite criticism the national rifle association made it clear is not backing down from its opposition to any new gun laws >> the sunday morning talk show host... >> the fact that something is missing usedused does not mean you >> >> ban it >> politicians when told to tellnra ceo is not budging arguing for armed guards in schools... >> he compares it to air marshal
support in the house for his plan the proposal on the fiscal cliff has embarrassed the speaker, but the speaker's failure means a solution to the fiscal cliff is, if they're going to be one, now resting squarely upon president obama. arsine to be vacationing president alone cannot propose legislation that wins majority support in both the house and senate, and the decision to go over the fiscal cliff now depends on his ability to successfulully negotiate and to forge a compromise that appeals to both republicans and the far left in mr. obama's party. the president met with senate majority leader harry reid this afternoon and talked with speaker boehner to begin anew that eort to reach compromise. >> averting this middle-class tax hike is not a democratic responsibility or republican responsibility. with their foes the american people have determined that governing is a shared responsibility between both parties in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days r
and republican sources at point is that we're likely to go over the fiscal cliff and there's a big political reason. once we go over the cliff, everybody's taxes go up. that's sporpt to remember. the way that lawmakers will be able to vote to change that is for a tax cut. now they are going to be voting for a tax hike of some sort. there's a very different political reality between those two votes. >> let's hope they meet in the middle, somebody that is to give between now and the end of the year, we hope. dana bash, thank you. we'll talk to you later. at half past the hour we'll check out the view of the fiscal cliff from hawaii. brianna keilar is traveling with the president. she's going to join us live. that's 25 minutes from now. >>> u.s. senator michael crapo s says he's deeply sorry for driving under the influence of alcohol. the republican who is also a mormon was pulled over, tested and arrested after running a red light early yesterday morning in virginia. he says he made a mistake and deal with whatever penalty he is given. >>> the u.s. navy seals are again mourning the loss of one
forward on the fiscal cliff issue. it does seems as though they're running into logger heads here slowly before the last couple of days before the deadline to solve the fiscal cliff negotiations. the ftse 100, a couple of points higher at the moment. same going for the spanish market, the aex in the corner. we're looking at relatively flattish trade here in europe on christmas eve. let's recap off of what we've seen in asia in the overnight session here. you're looking at slight gains across the board. the shanghai composite up by .25%. you're seeing similar gains in the s&p asx and the hang seng, the kospi both a couple of points up to the upside, as well. currency markets, pretty stable trade, too. we're seeing slightly lower volumes to say the least as you would anticipate here during the holiday days. we are, though, flirt, a recent high is 1.32. a couple of sessions ago, we were down at the 1.29 mark. aussie/dollar flat. sterling seeing slight gains. just to wrap things up showing you what's taking place in fixed income, relatively flattish trade, as well. the yield here on the span
the country to go off the fiscal cliff to gain political points are lawmakers playing chicken with your taxes? >>> and a winter storm may be headed your way. who may be getting a white christmas and what it means for your holiday travels. we'll have all of that, coming up. good morning, everybody. welcome to early start. i'm alina cho in new york. >> and i'm dana bash in washington. john and zoraida are off. >> a developing story in afghanistan. an adviser to the afghan police has been shot and killed by a woman wearing an afghan police uniform. the latest in the series of green on blue insider attacks and our pentagon correspondent barbara starr joins us live with details on that. good morning. how unusual is this? >> well, alana, sadly this is a story we've report sod often during the year, haven't we? the details on this attack are different in one respect. as far as we know this is a case where a woman, an afghan woman in a police uniform conducted this shooting and killing. a contractor in cab uhl police headquarters. the nato alliance has already announced the incident but not said the
% republicans say they are optimistic. fiscal cliff a week away for the first time some lawmakers say we could go over. >> first time it is more likely we will go over the cliff than not if we allow that it will be the most colossal consequential act of congressional irresponsibility in a long time. >> president obama remains in hawaii for christmas, says he will cut his vacation short to try and hammer out a deal. negotiations returned to square one last week after boehner failed to get support for his own plan. some say it is likely last minute negotiations will force them to stay on capitol hill on new year's eve. >>> 6:17. let's find out what the weather going to be looking like. >> today dry for sure. one whole day, maybe half a day tomorrow. >> thank you. >> that's a giving spirit, isn't it? clear look from sutro tower towards the east bay hills, doppler still spinning waiting for that next storm to come from the wet tomorrow, right now it is quiet and that is good except for the fog forming. russian river still have a flood watch for this at guerneville, going to peak at 5 o'clock tonig
and republicans -- that we could go over the fiscal cliff. >> well, enjoy the beach there then. i mean, what do you say at this point? you've just got to keep your fingers crossed and your toes and everything else. brianna keilar reporting live from honolulu this morning. >>> let's talk about the gun control debate because it's intensifying following the connecticut school shooting massacre. the nra's president wayne lapierre went on nbc's "meet the press" this weekend saying call him crazy for wanting to put armed security officers in schools. he doesn't mind. nra president david kean told cbs' "face the nation," a ban on assault weapons won't stop mass killings. >> we debated this before. we had a so-called assault weapons ban for ten years. we had what senator feinstein is suggesting. it was allowed to expire. the fbi, the justice department, and others who studied it said it made no difference. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. >> despite the national rifle association's opposition to any new gun laws, p
cliff, and democrat chuck schumer yesterday said the real problem is that republicans won't admit the president won the election and that tax rates are going up. take a listen. >> on taxes, i know it's hard for the republicans, but the president ran on that platform, 250, no tax increase for people below, but taxes for people above, he won 60% of the voters said they were for it in the exit polls, including some republicans. >> reporter: all eyes now turning to the possibility since speaker john boehner was not able to get enough republican votes to move forward with a plan late last week, that maybe now the senate will have to workout a compromise between harry reid, mitch mcconnell the democratic and republican leaders, and the president who is here in hawaii when you talk to his staff they say it's very likely some time after spending christmas with his family, whether it's the middle or later part of this week he's likely to head back to washington to sit down with congressional leaders and try to work this out. >> reporter: it's a bit encouraging for a lot of folks who were w
will happen with the fiscal cliff and whether we'll go over it. it is unclear. >> brianna, can we expect any other lawmakers to like jump in and try to -- you mentioned harry reid. what about mitch mcconnell or someone, can we expect anybody else to do something besides the house speaker and the president? >> reporter: well, at this point i think the ball is really out of the court of president obama and house speaker john boehner. obviously something would have to get through the house, but we're definitely focusing on the senate. i will tell you talking to sources that it doesn't even appear that senate majority leader reid and senate minority leader mcconnell are talking. the discussions aren't under way yet. you talk to sources on the hill and you get the sense that reid is waiting for mcconnell to chime in and mcconnell is waiting for reid to chime in. so this is a bit of a standoff right now and we are waiting to see who is going to blink. that's really the question, who is going to blink first and the fact is we just don't know. >> brianna keilar, thank you very much. >>> first, now t
, and see if that can avoid the fiscal cliff. the president and speaker both that they will cut their vacations short and return to washington this week to keep trying to work something out. ashley: i am surprised you got anyone would you made those calls today, peter. time is running out. peter barnes nbc. peter, thank you very much. ashley: a fox business exclusive. jeffrey, thank you so much for being here. you are bullish. >> there is an old market for a lot longer than i go back in this business. what we sell in mid-november, especially on the 16th and 19th, without getting too technical, we saw things like outside days and offside gaps. that was a key reversal. we also saw somewhat similar action around the thanksgiving. in 2011. i believe that this rally is genuine. we will need to hold on a monthly closing basis the 1400 plus. where would the charts the? if we take a look, at that horizontal line, you will notice that the outline correspond to keys peak. by taking an aerial view of the markets, sometimes they could offer potential clues. as long as we remain above this 1
't whip up votes for their own fiscal cliff plan. speaker boehner says they'll be going on vacation without legislation. everyone assumes the fiscal cliff negotiations are done for the moment. suppose the newfound bears conventional wisdom is wrong. suppose if we don't go over the fiscal cliff or at the very least we get resolved with minimum destruction as i talked about at the top of the show. my super bowl see you in new orleans solution. i'm not saying this will happen. i'm saying this positive scenario is very much on the table. it has to be considered. and in that rosy okay things are all right scenario, good things could happen to our stock market in 2013. let's say you're an optimist that believes the fiscal cliff will be resolved and they rise above. what's the best way to play a fabulous bull market that some think could be unleashed? simple. assuming that everything goes right, the best proxy for the market in 2013 is the blackstone group. the big publicly traded asset firm. why blackstone? a company that i wasn't keen on. the company earns money investing other people's
this so-called fiscal cliff? >> that's a really good question. it's one of the reasons i'm pretty excited about the fact we already acted. we acted several months ago to extend the tax cuts for all americans. we don't have to go over the cliff. there is a piece of legislation that has passed house, which is good-- >> schieffer: well, craig shirley, who is a republican operative tauthor, observer, was quoted as saying if we were in a parliamentary system, what happened to speaker boehner would have been viewed as a vote of no confidence. do you think speaker boehner ought to step aside and let somebody else try to get this done? >> speaker boehner will be the speaker next year, without any question. the onus right now is on senator reid and the president to come up with a solution, make it a piece of legislation, pass it through the senate, present it to the house, and let's get back to the bargaining table. the american people deserve for both houses to do something and ask the president to sign it. >> schieffer: well, are you saying that the house, speaker boehner, should take no respons
was not a fiscal one, it was political, to follow the victory in november by creating a civil war among republicans over the tax issue, which is exactly what happened. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially the problem the president faced with boehner two years ago. last year. can he deliver? how can you negotiate with someone who cannot deliver on his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come over to your way of thinking? >> they were crowing when john boehner went down, taking some delight, but that was pre- cleared by the leadership. the leadership was with him. this is not a question of -- quite bluntly, leaving and losing their v
who coined the phrase fiscal cliff. he says if we fall off of it in seven or eight days, that's going to lead to yet another recession. >> well, and that's why, and that's why the president ask speaker boehner and mitch mcconnell and harry reid need to come back and make sure their membership -- boehner couldn't deliver the other day -- make sure the membership, and by the way, boehner may have to go with democrats plus a minority of republicans to get the job done. gregg: yeah. >> this is about the welfare of this country, not about the welfare of a political party. gregg: all right. brad, the fiscal cliff is one of the reasons why people are so incredibly gloomy about the future, and, you know, dick's making the point here when speaker john boehner can't even get his own party to follow him and put up a vote on his plan, i mean, aren't republicans equally to blame for the public's profound pessimism? >> well, we have a divided nation, that is for sure. this president has not done his job in leading, and had he done his job in leading especially in the fiscal cliff, he wouldn't be in
to along with the president say good-bye to one of their own. with the fiscal cliff deadline looming, lawmakers and president obama attended a memorial service in honolulu on sunday for the late senator daniel inoyue. >> he was really a legislative hero who would never hesitated to collaborate with a republican colleague for the good of the country. >> reporter: there was little sign of collaboration on the morning talk shows. >> my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. >> the president has been a pathetic fiscal leader. >> both sides blaming each other for the impact. >> i think the president is eager to go over the cliff for political purposes. i think he sees a political victory the on the bottom of the cliff. >> on taxes it's hard for the republicans, but the president ran on that platform, 250, no tax increases for people below but taxes for people above. he won. >> reporter: those comments cap aa week in which house speaker john boehner and president obama seemed close it to getting a deal, which included tax reform and defi
are saying the president isn't trying to avoid the fiscal cliff. >> when i listen to the president i think he's eager to go over for a political purposes. he gets all of this additional tax revenue for programs he gets to cut the military canwhich democrats have been calling for for years. he gets to blame republicans for it. >> independent senator joe leiber than is saying it is appearing more likely the deadline will pass with no action. harris? >> how soon can we expect negotiations to get back underway? >> wednesday at the earliest possibly friday. one of his democratic allies today that position should come as no surprise to any one. >> i know it's hard for the republicans. 2.50 no tax increases for people below but taxes for people above. 60 percent of the voters will be there for the exit polls. >> nothing is done by year's end taxes will go up for everyone. >> steve sen acentanni thank yoy much. >> he has been hospitalized from before thanksgiving with a lingering cough with a bout of bronchitis. he is recovering but must build up strength before he can go home. he has been under goin
much a possibility, don, that this doesn't work out, that we go over the fiscal cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehn boehner's plan b, i feel it's more likely we will go over the cliff than not, and that -- if we allow that to happen, it will be the most colossal consequence shall act of congressional irresponsibleability in a long time. maybe ever in american history. >> officially, the president is expected to be here -- or is supposedly here in hawaii through the new year, i think the expectation at this point is that with congress returning, president obama is likely to go back to washington to oversee things as they move. or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawma
house to avoid the fiscal cliff. president obama and congress it will be thursday before talks resume to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. >> some republican lawmakers say old, once the country to fall off the physical cliff. >> we have gone over the cliff now, later, the fiscal cliff-you cannot negotiate with some of that does not want to negotiate. >> john boehner failed to get enough votes were planned beat that would raise taxes for people earning more than $1 million. the speaker, and the president left town without making a deal. >> i have passed leaders of congress to work together to create a deal to protect and employment for 2 million americans, protect middle america the middle income americans and also work on deficit reduction. >> the president solution would still leave red ink as far as the eye could see. and difficult for jobs. >> this is it difficult for the brink of perpetual gridlock. >> this is likely that we will go over the fiscal cliff and not and if we allow that to happen. wou
republicans. and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would need democratic and republican support. now, all eyes on the senate because they will reconvene on the 27th, thursday. and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up for those making more than that. but you can imagine, hala, that's going to be very hard for some republicans, maybe even some democrats to sign on to. >> right. and for just about a week ago, it was common to hear a deal will be hammered out. over the last several days we're hearing more and more that potentially this is a reality for americans in eight days' time. your sources in the administration, is there a real concern among some of the people you're speaking with that indeed this fiscal cliff will become a reality? >
negotiations over the fiscal cliff if we go over, republicans will be overwhelming share of the blame for it. republican doesn't mind tax increases and the republican position -- >> although there's still far a lot of the public that probably doesn't want their entitlements cut but they do express that they want washington to live within its means. they do express that they're not a huge fan of big government although they do like -- >> do like social security. >> how many of the races in november, congressional races are actually close? >> not that many. >> i mean this was an interesting dynamic. because there's really, i mean, you do have a very stark choice between -- in a lot of these districts. so, the conventional wisdom is a lot of republicans, a lot of tea party republicans are more worried about a primary slide than they are running against the democrats. >> absolutely. >> is that true? >> that's a problem that you have a house majority that believes and has as much of a mandate as the president. a lot of these guys won with a large share of the vote. some are in gerrymander distric
court and some republicans are saying the president isn't really trying to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and gets to cut the military which democrats have been calling for for years and he gets to blame the republicans for it. >> and independent senator lieberman saying it's likely that it will pass with no action, harris. >> harris: how soon can we expect negotiations to get back underway. >> not until after christmas. and wednesday, most likely on thursday. president obama on vacation in hawaii until after christmas has insisted taxes on the wealthy be increased aen one of his democratic allies said today that position should come as no surprise to anyone. >> on taxes, i know it's hard for the republicans, but the president ran on that platform, 250, no tax increases people below, but taxes for people above. he won 60% of the voters said they were for it
republicans lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before, and now because it is what the president wants you cannot negotiate with someone who does not want to negotiate. >> reporter: boehner failed to get votes thursday, friday boehner and the president left town with no deal, each making a parting pitch. >> the president: i've asked leaders of congress to work towards a package that spreads tax hike on middle class americans, protects unemployment insurance for two million americans and lays the groundwork for further work on growth and deficient the city reduction. >> president's solution of raising tax rates could be red ink for as far as the eye can see. >> reporter: the partisan bickering has put the country on the brink of potential economic crisis. >> it is the first time that i feel it is more likely that we will go over the cliff than not. that, if we allow that to happen, it will be thekñg)p mot colossal consequential act of congressional responsibility in a long time. >> reporter: president obama is in ha
, it is not just a retirement program. host: how does social security factor into this fiscal cliff negotiation process? guest: the republicans put together a plan in the last few weeks to change the way the annual cost of living adjustment is calculated for social security beneficiaries. it is the annual increase in benefits that people get in their monthly payments, it is usually annual, this coming year for instance, next month in january they are scheduled to get a 1.7% increase in benefits. that is based on a government measure of inflation. for social security they use the consumer price index. there is a new measure of inflation that the government has been considering for a while. on average, it is a little bit lower. it reflects a lower level of inflation than what the government has been using up until now. on average they tell us that the kola would be about .03% less. last year the increase was 3.6%. that's the biggest effective of adopting this new measure of inflation that the republicans put on the table. the reason why we're focusing on this and a lot of groups have been focusin
to avoid the fiscal cliff. the dow dropped 120 points on friday while the nasdaq fell 29, and there's one week until the fiscal cliff. some senators are expressing concerns that a deal will not be met in time. if that happens, households with incomes between 50 and 75,000 would see their incomes rise $24. households -- as americans hit the road for holiday travel, they'll be paying less at the pump. according to aaa, the average is $3.25 for a gallon of regular, down 18 cents from a month ago. send it back to you. >> thanks very much. have yourself a good holiday. okay. >> [ laughter ] >>> you will be allowed to roast chestnuts on an open fire in this bay area this christmas eve; but the air quality district management refers you have no open fire at. as the rain and wind let up, air pollution starts to build up. there's a chance tomorrow could be declared a spare the air christmas day. experts say wood young will improve the chances it will be allowed tomorrow. >> there's a blue ray disk of a fireplace you can put in your tv and have yourself a monster fire. >> look at that. did you call
from the fiscal cliff. talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal
talk shows to blame one another. here's the latest on the showdown. >> reporter: some republican lawmakers say president obama want country to fall off physical cas cliff. >> we -- physical cas cliff. >> we are going to go over -- fiscal cliff. >> we are going over because that's what the president want. >> reporter: john boehner failed to get enough votes for the plan b on thursday raising taxes on people earning more than a million dollars a year. on friday, speaker boehner and the president left town with no deal making a parting pitch. >> i asked leaders of congress to work towards a package that prevents a tax hike on middle class americans protects unemployment insurance for 20 million americans and lays the groundwork for further work on both growth and deficit reduction. >> the president's solution of raises tax rates would be red ink for as far as the eye can see. and it would hurt jobs. >> reporter: the partisan bickering put the country on the brink of a potential economic crisis. long time lawmakers dismayed. >> it's the first too many i feel it's more likely we will
away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> speaking of president obama, he attended the burial today of long-time hawaii senator, daniel inouye. it was a 19-gun salute when the senator's coffin arrived at the national memorial cemetery of the pacific. senator inouye was the first japanese american elected to both houses of congress. he was also the second longest serving senator in american history. he was 88 years old. >> the other big story we're following tonight, with a third of all americans traveling for the holidays, meteorologists are now worried about what could be the nightmare after christmas. two new storms are moving in. we'll get the forecast in a moment, but first here's abc'
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